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Jul 29, 2007

Franklin Bank buys Access LendingMortgagePress.comTexas mortgage lenders Franklin Bank SSB has purchased the assets of Access Lending and made it the Franklin Bank Access Lending division. Access Lending founder David Fleig will serve as president of the new division. Franklin Bank SSB is a national lender based in Houston. For more information, call (800) 552-0784 or visit www.bankfranklin.com.

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Jul 29, 2007

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...